Telsey Advisory Group Forecasts EWCZ FY2025 Earnings

European Wax Center, Inc. (NASDAQ:EWCZ) – Stock analysts at Telsey Advisory Group reduced their FY2025 EPS estimates for European Wax Center in a research note issued to investors on Wednesday, March 12th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of $0.19 per share for the year, down from their prior estimate of $0.31. Telsey Advisory Group has a “Market Perform” rating and a $6.00 price target on the stock. The consensus estimate for European Wax Center’s current full-year earnings is $0.26 per share.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird reduced their target price on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Morgan Stanley reduced their price objective on European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. Finally, Piper Sandler cut European Wax Center from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $9.00 to $7.00 in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.21.

European Wax Center Price Performance

Shares of European Wax Center stock opened at $4.22 on Monday. The firm has a fifty day moving average price of $6.35 and a two-hundred day moving average price of $6.54. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $13.31. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The company has a market cap of $240.30 million, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95.

Hedge Funds Weigh In On European Wax Center

A number of hedge funds have recently modified their holdings of EWCZ. Two Sigma Securities LLC acquired a new stake in European Wax Center in the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of European Wax Center by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after acquiring an additional 1,582 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of European Wax Center in the 4th quarter valued at $88,000. SG Americas Securities LLC grew its holdings in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock worth $103,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of European Wax Center during the 3rd quarter worth about $108,000. 82.14% of the stock is owned by institutional investors and hedge funds.

About European Wax Center

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.